Fears for UK finance jobs after Brexit
The smaller financial centers in the UK – which all together have far more employees than London – are fearing jobs losses after Brexit. The…
Finance
Half of finance jobs may ‘disappear’ off the face of the earth
The consulting analytics firm, ‘SAS Institute’, believes automation will render half of all jobs in finance in Norway redundant. Bank managers believe the analysis is…
Order books for Norwegian industry becomes leaner
Order reserves for the Norwegian industry fell by 26 percent from the third quarter last year to the third quarter of this year, according to…
900 million NOK for innovation in business!
Industry and Fisheries Ministry will distribute 900 million NOK to the business community through the Research Council. The funds will go to innovation projects. –…
More foreign ownership
The total number of foreign-controlled enterprises in Norway continues to rise, and the strongest growth is in British, North-American and Swedish ownership. Enterprises controlled from…
Holiday money for the holidays-tax money in the piggy bank
Starting next week, both the holiday pay and reimbursed tax will be transferred to accounts in Norway,a staggering 165 billion kroner in total. Preliminary figures…
DNB refresh using “Vipps”!
After two and a half days difficulty to functioning DNB payment app, “Vipps” works again as normal, said by bank on its Facebook page. The…
Norway less expensive viewed from abroad
The price level in Norway viewed from abroad has decreased in the last two years. In 2013, the general price level in Norway was 55…
Decrease in government revenue
The central government’s fiscal account for the first quarter of 2016 shows a decrease in revenue of NOK 15 billion. Expenditure has increased by NOK…
Unemployment at 4.7 per cent
Adjusted for seasonal variations, there were 130 000 unemployed persons in March 2016, which is on a par with December 2015. The Labour Force Survey (LFS)…
The Oil Fund is joining the Volkswagen lawsuits
The Oil Fund is joining the lawsuit against Volkswagen after the disclosure of manufacturer’s vehicle emissions trickery, Financial Times reports. We have been advised by …
The Auditor General:Poor monitoring of foreign taxpayers
Many foreigners with temporary residence permit in Norway pay too little or too much tax. Errors in the calculations are due to the complicated taxation…
Indian bank manager proposed for position at the Telenor board
Indian Ashok Vaswani is proposed as the third new director of Telenor. The 55-year-old is the CEO of the large bank Barclays UK. Telenor ASA…
Companies are reluctant to invest
95 percent of businesses in Western Norway reveal that they have not completed their investments as planned in the past year. The rest of 2016…
Increased activity in building and construction works
The activity in the building and construction industry increased by 2.6 per cent during the first quarter of the year, according to seasonally-adjusted figures. The…
Households hold back
Household consumption of goods fell by 0.3 per cent in March 2016, according to seasonally-adjusted figures. Much of the decrease was caused by a drop…
More forest roads constructed
In total, 105 kilometres of new all-year roads and summer roads were finished and approved in 2015. This is 35 kilometres more than in the…
Nearly 250 million kroner in profit for the Airport Express train last year
The Airport Express train got a result before taxes of 235 million in 2015–the second best result in the history of the company. The turnover…
Giske accuses Solberg of hiding tax cut-agenda
Labour’s deputy leaderTrond Giske accuses Prime Minister Erna Solberg of concealing the Government’s eagerness to give huge tax cuts to rich people. In an interview…
4,800 possible layoffs and dismissals in February
Nav was notifed of the possible layoffs and dismissals of a total of 4,800 people in February. That’s 900 more than in February last year,…